TOTAL AMOUNT DUE TO
THE GOVERNMENT
(REVIEW)
1. P256,843.00
Shipment: 3x40’, STC: Various surveying instruments
INV Price: $34,000.00, inclusive of ocean freight charges $5,000.00
Delivery: On board the carrying vessel at the country of origin
Local Insurance Premium: P35,000.00 (with certification/O.R)
Total Vat Base: P1,850,000.00 (No Excise Tax)
Total Miscellaneous Expense: P30,650.00
Advance Deposit: P15,000.00
Rate of Duty: 3%
Exchange Rate: P45.250 / $1.00
FIND THE TOTAL AMOUNT DUE TO BUREAU OF CUSTOMS
SOLUTION: P256,843.00
DV = CV + FRT + INS TADG
= $34,000 + 773.48
= 34, 773.48 x 45.250 T. VAT BASE CUD = 47, 205.00
DV = P 1,573,499.97 x 12% VAT = 222,000.00
x .03 E.T = 0
CUD = P 47,205.00 VAT = 1, 850, 000 IPF = 1,000.00
x .12 CSF = 1,358.00 To get CSF:
To get the INS: VAT = 222,000 CDS = 280.00 $10/40’
Local INS = 35,000 TADG = 271, 843.00
45.250 - 15,000.00 3 x 10 = $30
= 773.48 ANSWER: P 256,843.00 30 x 45.250 = 1,358.00
2. P 6,203.00
Shipment: 4 boxes – remote control apparatus
Origin: Los Angeles, USA
Total FOB: $600.00
Air freight: $250.00
Rate of Duty: 4%
Exchange Rate: P42.250/$1.00
FIND TOTAL DUTIES AND TAXES.
SOLUTION: P6,203
DV = CV + FRT + INS To get the ME: TADG
= $600 + 250 + 24 BF = 700 (Informal)
= 874 x 42.250 CDS = 30 (Informal) CUD = 1,477.00
DV = P 36,926.50 VAT = 4,696.00
x .04 700 + 30 = 730.00 (ME) E.T = 0
CUD = P 1,477.00 IPF = 0
CSF = 0
To get the INS: LC = DV + CUD + ME
CDS = 30.00
(identify first if gen cargo or = 36,926.50 + 1,477.00 + 730
TADG = P 6,203.00
dangerous) LC = 39,113.56
x .12
600 x .04 = $ 24 (INS) VAT = 4,696.03
3. P 55,810.00
Shipment: 3x40’ van, STC: General Cargo
Total CFR: $6,500.00
Total FRT: $800.00
Local INS: P7,600.00 (w/ Ins. Cert./OR)
Exchange Rate: P45.00/$1.00
Rate of Duty: 5%
Total Miscellaneous Expense: P7,186.24
FIND THE TOTAL DUTIES, TAXES AND OTHER CHARGES
SOLUTION: P55,810.00
CFR = FOB + FRT LC = DV + CUD + ME TADG
CFR – FRT = FOB = 30,100.05 + 15,005.00 + 7,186.24
6,500 – 800 = FOB LC = 322,291.29 CUD = 15,005.00
5,700 = FOB x .12 VAT = 38,675.00
VAT = P 38,674.95 E.T = 0
IPF = 500.00
DV = CV + FRT + INS CSF = 1,350.00
= 5,700 + 800 + 168.89 CDS = 280.00
To get the INS:
= 6,668.89 x 45.00 TADG = P 55,810.00
Ins= 7,600
DV = P 300,100.05
45.00
x .05
INS = 168.89
CUD = P 15,005.00
4. P 335,804.00
Shipment: 4x20’, STC: Gen Cargo
INV PRICE: $30,000.00
O/FRT Charges: $5,000.00
Local Ins. Premium: P28,400 ( with Certification)
Total Vat Base: P1,700,500.00 (with excise tax)
Total ME: P28,750.50
Rate of Duty: 2%
Exchange Rate: 43.250/$1.00
FIND THE TOTAL AMOUNT DUE TO THE BOC
SOLUTION: P335,804.00
DV = CV + FRT + INS VAT BASE = 1,700,500.00 TADG
= 30,000 + 5,000 + 656.65 x .12
= 35,656.65 x 43.250 VAT = P 204,060.00 CUD = 30,843.00
DV = P 1,542,150.11 VAT = 204,060.00
x .02 E.T = 98,756.00
CUD = P 30,843.00 Get the LC first to get the E.T: IPF = 1,000.00
CSF = 865.00
LC = DV + CUD + ME CDS = 280.00
To get the INS: LC = 1,542,150.11 + 30,843.00 + 28,750.00 TADG = P 98,756.39
LC = P 1,601,743.61
Ins= 28,400
43.250 Get the Excise Tax
INS = 656.65 E.T = VAT BASE – LC
E.T = 1,700,500.00 – 1,601,743.61
E.T = P 98,756.39
5. P545,353.00
Shipment: 2x20’ – women’s bag
CIF: $20,450.00
Ocean FRT charges: $2,050.00
Marine INS: 4% of FOB
Total VAT Base: P4,300,125.00
Miscellaneous Expenses: P11,100.00
Rate of Duty: 3%
Exchange Rate: P45.00/$1.00
FIND TOTAL DUTIES, TAXES AND OTHER CHARGES
SOLUTION: P545,353.00
TADG
DV = CV + FRT + INS VAT BASE = 4,300,125.00
CUD = 27,608.00
= 20, 450 x 45.00 x .12
VAT = 516,015.00
DV = P 920,250.00 VAT = P 516,015.00
E.T = 0
x .03
IPF = 1,000.00
CUD = P 27,607.50
CSF = 450.00
CDS = 280.00
TADG = P 545,353.00
6. P 332,019.00
Shipment: 2x20’ STC: Frozen Poultry Meat
Origin: Los Angeles, USA
FOB: $10,300.00
Dutiable INS: $420.00
O/FRT: $1,500.00 (without cert. from S.L)
Rate of Duty: 4%
Total VAT Base: P2,500,250.00 (No Excise Tax)
Total Miscellaneous Expense: P29,500.00
E/R: P44.975/$1.00
FIND TOTAL DUTIES, TAXES AND OTHER CHARGES
SOLUTION: P 332,019.00
DV = CV + FRT + INS VAT BASE = 2,500,250.00
= 10,300 + 6,100 + 420 x .12
= 16,820 x 44.975 VAT = P 300,030.00
DV = P 756, 479.50
x .04
TADG
CUD = P 30,259.18.00
CUD = 30,259.00
CSF
VAT = 300,030.00
Because there is no
certification from S.L: E.T = 0
5 x 2 = $10.00
Los Angeles , USA IPF = 1,000.00
1x20’ = 3,050.00 x 44.975
CSF = 450.00
P 449.75 (need
CDS = 280.00 round off)
2 x 3,050 = 66,100.00
TADG = P 332,019.00
7. P 49,482.00
Shipment: General Cargo
Total FOB: $4,000.00
T. FRT per B/L: $380.00
Rate of Duty: 10%
Exchange Rate: P46.50/$1.00
Total Miscellaneous Expense: P6,980.30
No Local Insurance
FIND THE TOTAL DUTIES, TAXES AND OTHER CHARGES
SOLUTION: P 49, 482.00
TADG
DV = CV + FRT + INS LC = DV + CUD + ME
= 4,000 + 380 + 80 LC = 207,390 + 20,739 + 6,980.30
CUD = 20, 739.00
= 4,460 x 46.50 LC = 235,109.30
VAT = 28, 213.00
DV = P 207,390.00 x .12
E.T = 0
x .10 - R/D VAT = 28, 213
IPF = 250.00
CUD = P 20,739.00
CSF = 0
CDS = 280.00
To get the INS: TADG = P 49, 482.00
(Identify if dangerous or
gen cargo)
FOB x .02 (gen cargo)
4,000 x .02 = $80.00
8. P 98,839.00
Shipment: 28 crates, STC: various electric motors
INV Price: $13,000.00 inclusive of packing and handling charges of $500.00
Delivery: On board carrying vessel the country of origin
Freight Collect: $1,500.00
Total Miscellaneous Expense: P8,550.50
Rate of Duty: 2%
Exchange Rate: P45.250/$1.00
FIND THE TOTAL DUTIES, TAXES AND OTHER CHARGES
SOLUTION: P 98,839.00
TADG
DV = CV + FRT + INS LC = DV + CUD + ME
= 13,000 + 1,500 + 520 LC = 679,655.00 + 13, 593.00 + 8,550.50
CUD = 13, 593.00
= 15,020 x 45.250 LC = 701, 798.60
VAT = 84, 216.00
DV = P 679,655.00 x .12
E.T = 0
x .02 - R/D VAT = P 84, 215.83
IPF = 750.00
CUD = P 13, 593.00
CSF = 0
CDS = 280.00
To get the INS: TADG = P 98, 839.00
(Identify if dangerous or gen
cargo)
FOB x .04 (dangerous cargo)
13,000 x .04 = $520.00
9. P2,050,540
Shipment: Cultured Pearls
Port of Discharge: NAIA
Total Dutiable Value: P1,850,200.00
Total Miscellaneous Expense: P15,320.00
Total Excise Tax: P250,750.00
Rate of Duty: 10%
FIND TOTAL LANDED COST
SOLUTION: P 2,050,540.00
To get the CUD:
LC = DV + CUD + ME
LC = 1,850,200 + 185,020 + 15,320
CUD = DV x R/D
LC = 2,050,540.00
CUD = 1,850,200 x .10
CUD = 185, 020.00
10. P 45,127.00
Shipment: 5x40’ - Electronic Parts
CIF: $6,000.00
T. FRT: $280.00
INS: 6% of FOB
T. VAT BASE: P175,290.68 (No Excise Tax)
Rate of Duty: 7%
Total ME: P25,550.67
Exchange Rate: P49.60/$1.00
FIND THE TOTAL AMOUNT DUE TO THE BUREAU OF CUSTOMS
SOLUTION: P 45,127.00
DV = CV + FRT + INS VAT BASE = 175,290.68
DV = 6,000 x 49.60 x .12
DV = 297, 600.00 VAT = P 21, 034.88
x .07
CUD = P 20,832.00
TADG
CUD = 20,832.00
VAT = 21,035.00
CSF
E.T = 0
IPF = 500.00
5 x 10 = 50
CSF = 2,480.00
50 x 49.60 = P 2,480.00
CDS = 280.00
TADG = P 45, 127.00
11. P 2,588,070.00
Shipment: 10 boxes – Men’s shoes
Port of Discharge: Manila International Container Port
Total DV: P2,450,800.00 (w/ LC)
BC & BF: P11,300.00
AC & WD: P2,150.00
Rate of Duty: 5%
FIND TOTAL LANDED COST
SOLUTION: P 2,588,070.00
To get the CUD:
LC = DV + CUD + ME
LC = 2,450,800 + 122,540 + 14,730
CUD = DV x R/D
LC = P 2,588,070.00
CUD = 2,450,800 x .05
CUD = P 122,540.00
MISCELLANEOUS EXPENSE:
BC & BF = 11,300.00
ME = 11,300 + 2,150 + 280 + 1,000
AC & WD = 2, 150.00
ME = P 14, 730.00
CDS = 280.00
IPF = 1,000.00
12.P27,543.00
Shipment: 100 boxes – Whisky
Air FRT: $80.00
T. FCA: $750.00
Total Vat Base: P175,254.58
Rate of Duty: 15%
Exchange Rate: P50.250/$1.00
Find the total amount due to the BOC
SOLUTION: P 27,543.00
TADG
DV = CV + FRT + INS VAT BASE = 175, 254.58
= 750 + 80 + 30 x .12
CUD = 6,482.00
= 860 x 50.250 VAT = P 21,030.55
VAT = 21,031.00
DV = P 43,215.00
E.T = 0
x .15 - R/D
IPF = 0
CUD = P 6,482.25
CSF = 0
CDS = 30.00
To get the INS: TADG = P 27,543.00
(Identify if dangerous or gen
cargo)
FOB x .04 (dangerous cargo)
750 x .04 = $30.00
13. P457,916.67
Shipment: 2,000 bottles of whisky
Total Excise Tax: P200,000.00
Total VAT: 78,950.00
Total ME: P10,600.00
Rate of Duty: 15%
FIND TOTAL LANDED COST
SOLUTION: P 457,916.67
LC = VAT
.12
LC = 78,950
.12
LC = 657,916.67 – EXCISE TAX
LC = 657,916.67 – 200,000.00
LC = 457, 916.67
14. P 1,464.00
Shipment: 3 boxes – remote control apparatus
FOB: $150.00
Air FRT: $60.00
Rate of Duty: 1%
E/R: P47.50/$1.00
FIND TOTAL DUTIES AND TAXES
SOLUTION: P 1,464.00
TADG
DV = CV + FRT + INS LC = DV + CUD + ME
= 150 + 60 + 6 LC = 10,260 + 102.60 + 730
CUD = 103.00
= 216 x 47.50 LC = 11, 092.60
VAT = 1,331.00
DV = P 10, 260.00 x . 12
E.T = 0
x .01 - R/D VAT = 1, 331.11
IPF = 0
CUD = P 102.60
CSF = 0
CDS = 30.00
Get the MISCELLANEOUS EXPENSE
To get the INS: TADG = P 1,464.00
(INFORMAL)
(Identify if dangerous or gen
cargo)
BF = 700
CDS = 30
FOB x .04 (dangerous cargo)
ME = 730.00
150 x .04 = $6.00
